Wall Street is positive on Momo Inc (MOMO). On average, analysts give MOMO a Strong Buy rating. The average price target is $31.016, which means analysts expect the stock to increase by 79.28% over the next twelve months.
That average ranking earns MOMO an Analyst Rating of 73, which is better than 73% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported.
Investors Observer takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.
What's Happening With Momo Inc Stock Today?
Momo Inc (MOMO) stock is lower by -1.03% while the S&P 500 is higher by 0.24% as of 1:54 PM on Wednesday, Jul 1. MOMO has fallen -$0.18 from the previous closing price of $17.48 on volume of 2,572,737 shares. Over the past year the S&P 500 has gained 4.54% while MOMO has fallen -52.95%. MOMO earned $2.03 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.53.